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  • Wall Street Breakfast: Must-Know News [View article]
    Old Trader:

    I had the same "other shoes to follow" thought.


    On Nov 27 11:38 AM Old Trader wrote:

    > I can't help but wonder if Dubai is just the first shoe. This news
    > has overshadowed Japan's Finance Minister thinking of asking for
    > CB intervention on behalf of the yen, and the fact Vietnam has devalued
    > the dong.
    Nov 27 16:21 pm |Rating: +2 0 |Link to Comment
  • The AIG Bailout: Why Was the Onus Placed on Taxpayers? [View article]
    Micajah:

    You get it.

    The entire country has gone mad about the taxpayer bailout of AIG. Except that is all wrong. The AIG bailout came from the Federal Reserve from "funny" money that Bernanke/Federal Reserve creates (out of thin arir) by computer entry (as Bernanke said on "60 Minutes") in banks where Fed has accounts.

    AIG bailout is not in the budget, deficit, nor a taxpayer debt. If AIG fails to pay back the Fed, it would seem that the money just goes up in smoke like a restriction of the money supply. Too bad they did not do all the bailouts with Fed funny money. That would be better for the taxpayers.
    Mar 17 13:25 pm |Rating: +1 0 |Link to Comment
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